Beck Capital Management LLC Cut Applied Materials INC (AMAT) Stake as Share Value Rose

January 21, 2018 - By Maria Brooks

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.24, from 0.82 in 2017Q2. It is positive, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. Charter Trust Com has invested 0.22% in Applied Materials, Inc. (NASDAQ:AMAT). Glg Ltd Co invested in 0.35% or 104,564 shares. Renaissance Gru Llc invested in 760,373 shares. Next Financial Grp accumulated 1,100 shares. Chase Investment Counsel has invested 1.96% in Applied Materials, Inc. (NASDAQ:AMAT). Westfield Cap Co Lp invested in 0.66% or 1.66M shares. Cambridge Invest Research holds 0.06% or 82,903 shares. Geode Cap Limited Liability Corporation invested in 0.24% or 12.73M shares. Seatown Hldgs Pte reported 3.35% stake. Johnson Investment Counsel Incorporated stated it has 0.01% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Beck Capital Mgmt Limited Company has 2.1% invested in Applied Materials, Inc. (NASDAQ:AMAT). Exxonmobil Investment Tx invested 0.26% in Applied Materials, Inc. (NASDAQ:AMAT). Mackenzie Financial stated it has 0.09% in Applied Materials, Inc. (NASDAQ:AMAT). Parkside Retail Bank And holds 0.03% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 1,262 shares. Bluecrest Capital Mgmt Ltd, Guernsey-based fund reported 15,107 shares.

Since August 23, 2017, it had 0 insider purchases, and 5 sales for $12.03 million activity. 4,000 shares were sold by Forrest Stephen R, worth $214,680 on Wednesday, January 3. Shares for $1.54 million were sold by Larkins Thomas F. $1.00 million worth of stock was sold by Karsner Alexander on Wednesday, August 23. The insider Nalamasu Omkaram sold $2.83 million.

Beck Capital Management Llc decreased its stake in Applied Materials Inc (AMAT) by 41.49% based on its latest 2017Q3 regulatory filing with the SEC. Beck Capital Management Llc sold 59,805 shares as the company’s stock rose 23.58% with the market. The institutional investor held 84,341 shares of the technology company at the end of 2017Q3, valued at $4.39M, down from 144,146 at the end of the previous reported quarter. Beck Capital Management Llc who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $60.63 billion market cap company. It closed at $57.4 lastly. It is up 121.40% since January 21, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on February, 21. They expect $0.97 EPS, up 44.78 % or $0.30 from last year’s $0.67 per share. AMAT’s profit will be $1.02B for 14.79 P/E if the $0.97 EPS becomes a reality. After $0.93 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30 % EPS growth.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Fool.com which released: “Here’s Why Applied Materials’ Stock Jumped 58% in 2017” on January 17, 2018, also Nasdaq.com with their article: “Here’s Why You Should Bet on Applied Materials (AMAT) Stock” published on January 02, 2018, Nasdaq.com published: “March 2nd Options Now Available For Applied Materials (AMAT)” on January 11, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Livetradingnews.com and their article: “Applied Materials, Inc. (AMAT) Stock Consolidating” published on January 16, 2018 as well as Globenewswire.com‘s news article titled: “Applied Materials to Present at Upcoming Investor Conference” with publication date: December 28, 2017.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. has $76.0 highest and $12 lowest target. $52.78’s average target is -8.05% below currents $57.4 stock price. Applied Materials Inc. had 109 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Morgan Stanley on Friday, July 7. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, September 18. The firm has “Buy” rating by Summit Research given on Tuesday, August 11. The firm has “Buy” rating given on Thursday, September 28 by Craig Hallum. The firm has “Outperform” rating by BNP Paribas given on Thursday, March 31. The firm has “Outperform” rating given on Wednesday, November 11 by Cowen & Co. The company was maintained on Thursday, June 29 by RBC Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Friday, November 17. The firm has “Outperform” rating by Credit Agricole given on Thursday, December 10. The rating was upgraded by Zacks to “Sell” on Thursday, August 13.

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